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#1 |
Avalon Senior Member
Join Date: Dec 2008
Location: BC. Canada
Posts: 1,340
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Here's what Dr. Doom had to say about Gold & Farmland Feb. 22 article. Don't know about the Gold, but farmland makes sense to me.
The world’s most powerful investors have been advised to buy farmland, stock up on gold and prepare for a “dirty war” by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash. The bleak warning of social and financial meltdown was delivered today in Tokyo at a gathering of 700 pension and sovereign wealth fund managers. Dr Faber, who advised his audience to pull out of American stocks one week before the 1987 crash and was among a handful who predicted the more recent financial crisis, vies with the Nouriel Roubini, the economist, as a rival claimant for the nickname Dr Doom. contd/............here http://business.timesonline.co.uk/to...cle7035913.ece Last edited by waitinginthewings; 03-16-2010 at 07:06 PM. |
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#2 | |
Avalon Senior Member
Join Date: Oct 2008
Location: OC/CALIFORNIA
Posts: 587
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#3 |
Avalon Senior Member
Join Date: Sep 2008
Location: USA
Posts: 1,098
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well it is also land that can be bought up for cheap and if the market completely crumbles, isn't worth much less...
It is like the people in Arizona that bought huge parcels of land at $150 an acre when the market was booming, and now after the crash I see a few looking to sell it now instead of homestead as Solar farms... they raised the price to $175 because it is a great idea... but still selling for $150 ![]() |
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#4 |
Avalon Senior Member
Join Date: Dec 2008
Location: BC. Canada
Posts: 1,340
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Yes, food might become the real Gold. At least we can eat it. For the average person cannot buy Gold, but a few acreas of land would be "doable" & they can grow their food, even share it with their neighbors. Yes the more I think about it, the more I realise the importance of growing our own food.
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#5 | |
Avalon Senior Member
Join Date: Sep 2008
Location: england
Posts: 1,153
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#6 | |
Avalon Senior Member
Join Date: Sep 2008
Location: USA
Posts: 1,098
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So why is the IMF dumping gold metals right now if the market is about to explode? |
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